Parkland School Board eyes over $600,000 in savings through bond refinancing

The Parkland School Board in Lehigh County is seeking to reap more than $600,000 in savings through yet another bond refinancing plan.

“At this time we have used the refunding process very well” said John Vignone, director of business administration for the district. “We are here tonight to look at a parameters resolution that could save a nice chunk of money for the district.”

The parameters passed at this Tuesday’s board meeting will set the baseline value for negotiation that Parkland seeks to gain through the refinancing of their 2005 Series-A bonds, an approach that several other regional districts have also been using to cut costs.